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Backup is an important business. There are five crucial to address issues:
First, some definition:
How much data you need backup. In the digital world, this is measured in bits, or, more likely, some units (most likely the MiB or GiB). A backup for us takes some fraction of a TiB.
How much time it takes to copy the whole backup. If you trapped it to some support that takes 2 years to transfer, that's tantamount to having lost your data.
It doesn't matter that your data is backup-ed somewhere if you don't know where it is or that it even exists. The data should be well organized and classified.
The data is stored on a physical support. This can be lost, broken or malfunction. Even if it's in the cloud, and the business of assuring the integrity of the support is not yours, that still translates into similar problems: price, the continuation of service, confidentiality, etc.
We use mainly hard drives to backup data, with the stuff we currently work on also being on dropbox.
To overcome the fact that eventually, any support will break down, one has to make copies of backup. This requires some effort as well to make sure the copies agree with each other and to monitor which possibly became faulty.